Mortgage Loans
{"items":[{"heading":"Shred Day - Gray, TN","startDate":"September 28 at 8:00am ET","url":"/resources/seminars-events/tennessee/shred-day-gray,-tn","summary":"September 28, 2019 – 8AM - 12PM or until trucks reach maximum capacityGray Branch
384 Roy Martin Rd
Gray, TN 37615","lat":"","lng":""},{"heading":"Home Buying Seminar","startDate":"October 1 at 12:00pm ET","url":"/resources/seminars-events/tennessee/home-buying-seminar","summary":"October 1, 2019 — 6PM.
Northeast Tennessee Association of Realtors
105 Tri-City Business Park Drive
Johnson City, TN 37615","lat":"","lng":""},{"heading":"Shred Day - Gate City","startDate":"October 5 at 8:00am ET","url":"/resources/seminars-events/virginia/shred-day-gate-city","summary":"October 5, 2019 – 8AM-12PM or until trucks reach maximum capacityGate City Branch
265 Jones St.
Gate City, VA 24251 ","lat":"","lng":""},{"heading":"Social Security Seminar","startDate":"October 8 at 11:30am ET","url":"/resources/seminars-events/tennessee/social-security-seminar","summary":"October 8, 2019 — 11:30AM & 6:00PM
The Crown Center at Food City
1205 N Eastman Road
Kingsport, TN 37660","lat":"","lng":""},{"heading":"Social Security, Medicare, and Your Retirement","startDate":"October 15 at 6:00pm ET","url":"/resources/seminars-events/virginia/social-security,-medicare,-and-your-retirement-(1)","summary":"October 15, 2019 — 6PM
The Euclid Center at Food City
1320 Euclid Avenue
Bristol, VA 24201","lat":"","lng":""},{"heading":"Construction Seminar","startDate":"October 22 at 12:00pm ET","url":"/resources/seminars-events/texas/construction-seminar-(1)","summary":"October 22, 2019 — 6PM.
Courtyard by Marriott Longview North
1125 E Hawkins Pkwy
Longview, TX 75605","lat":"","lng":""},{"heading":"Social Security, Medicare, and Your Retirement","startDate":"October 22 at 6:00pm ET","url":"/resources/seminars-events/tennessee/social-security,-medicare,-and-your-retirement-(2)","summary":"October 22, 2019 — 6PM
The Depot at Food City
920 N State of Franklin Road
Johnson City, TN 37604","lat":"","lng":""},{"heading":"Social Security, Medicare, and Your Retirement","startDate":"October 22 at 6:00pm ET","url":"/resources/seminars-events/texas/social-security,-medicare,-and-your-retirement-(1)","summary":"October 22, 2019 — 6PM
Hampton Inn
3044 N Eastman Road
Longview, TX 75605","lat":"","lng":""},{"heading":"Shred Day - Kingsport, TN","startDate":"October 26 at 8:00am ET","url":"/resources/seminars-events/tennessee/shred-day-kingsport,-tn","summary":"October 26, 2019 – 8AM-12PM or until trucks reach maximum capacityMeadowview Branch
2021 Meadowview Lane
Kingsport, TN 37660 ","lat":"","lng":""},{"heading":"Health Care: Plan for its Cost in Retirement","startDate":"November 7 at 6:00pm ET","url":"/resources/seminars-events/tennessee/health-care-plan-for-its-cost-in-retirement","summary":"November 7, 2019 — 6:00PM
The Crown Center at Food City
1205 N Eastman Road
Kingsport, TN 37660","lat":"","lng":""},{"heading":"Home Selling Seminar","startDate":"November 12 at 12:00pm ET","url":"/resources/seminars-events/texas/home-selling-seminar-(1)","summary":"November 12, 2019 — 6PM.
Courtyard by Marriott Longview North
1125 E Hawkins Pkwy
Longview, TX 75605","lat":"","lng":""},{"heading":"Health Care: Plan for its Cost in Retirement","startDate":"November 12 at 6:00pm ET","url":"/resources/seminars-events/virginia/health-care-plan-for-its-cost-in-retirement","summary":"November 12, 2019 — 6PM
The Euclid Center at Food City
1320 Euclid Avenue
Bristol, VA 24201","lat":"","lng":""},{"heading":"Health Care: Plan for its Cost in Retirement","startDate":"November 14 at 6:00pm ET","url":"/resources/seminars-events/texas/health-care-plan-for-its-cost-in-retirement","summary":"November 14, 2019 — 6PM
Hampton Inn
3044 N Eastman Road
Longview, TX 75605","lat":"","lng":""},{"heading":"Health Care: Plan for its Cost in Retirement","startDate":"November 19 at 6:00pm ET","url":"/resources/seminars-events/tennessee/health-care-plan-for-its-cost-in-retirement-(1)","summary":"November 19, 2019 — 6PM
The Depot at Food City
920 N State of Franklin Road
Johnson City, TN 37604","lat":"","lng":""}]}

Features

Building a new home is great but the land you build on is extremely important to the value of your new home. Finance your land with ECU. Speak with an experienced mortgage loan specialist about the options you have to choose from with ECU land loans.

 

  • Finance up to 90% of the sales price or appraised value, whichever is less
    (limited to 25 acres or less)
  • Fixed and adjustable loan options available
  • Minimum loan amount $7,500
  • Commercial lots are processed through our Business Lending Department

Find a Loan Officer

 

Learn More:

  • Apply for a Mortgage

    Completing our online application is as easy as 1-2-3. Get started today!

  • ECU Title & Escrow

    ECU Title & Escrow is a full-service real estate settlement company that helps members complete the home buying or selling experience at an ECU branch.

  • Find a REALTOR

    Realtors are knowledgeable in many phases of the home buying and home selling process and can be a valuable resource to you.

  • Watch Mortgage Videos

    Have questions about purchasing, building or selling a home? Check out these helpful videos, covering a broad range of mortgage topics.

Residential Lots & Acreage Loans

Loan TermRateAPRPoints
5/1 ARM Land Loan 4.500%5.196%1.000%
10 Year Fixed Land Loan 5.375%5.804%1.000%

Rates accurate as of September 11, 2019 and are subject to change.

All rates are subject to change without notice and will be based on your credit history, down payment amount, property type, loan purpose, etc. Rates are based on a purchase transaction with a 20% down payment. APR is based on $100,000 loan amount for an 80% LTV purchase and reflects any pre-paid finance charge.

Have Mortgage Questions?

Calculate Your Answers


So many financial decisions are involved when purchasing or refinancing a home. Should you buy or rent? Will refinancing save you money? How much would your monthly payments be? Our calculators are designed to answer these questions and more.

Mortgage Calculators

FAQs

  • Is the process for getting a land loan the same as a home mortgage?

    There are similarities but the products for land loans are specific and shorter in term than most mortgage loans.                                                         

  • Does a land loan have to be paid in full prior to a construction loan?

    No, but the remaining balance is paid off at closing either from the loan or from other funds prior to beginning construction.                            

  • Can a lot purchase be included as part of a construction loan?

    Yes, it would be paid in full as a withdrawal from the construction loan funds.

  • Are there differences in residential land loans and land for development?

    Yes.  The ECU Mortgage Department can assist you with residential personal use land loans only.  For land loans regarding development, please refer to the ECU Business Lending Department.